Russian trade with Faroe Islands in the 1st quarter of 2016

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia

The Report on Russia's foreign trade in goods with Faroe Islands in the first quarter of 2016: exports, imports, products, dynamics.

Russia's Trade with Faroe Islands

In the 1st quarter of 2016, Russia's trade with Faroe Islands totaled $57,620,334, up 19.63% ($9,453,216) from the 1st quarter of 2015.

Russia's exports to Faroe Islands in the 1st quarter of 2016 were $855,780, down 27.87% ($330,664) from the 1st quarter of 2015.

Russia's imports from Faroe Islands in the 1st quarter of 2016 totaled $56,764,554, up 20.83% ($9,783,880) from the 1st quarter of 2015.

Russia's trade deficit with Faroe Islands in the 1st quarter of 2016 was $55,908,774, a 22.09% increase ($10,114,544) over the 1st quarter of 2015.

Faroe Islands was Russia's 89th largest trading partner in the 1st quarter of 2016 (up from 91st in the 1st quarter of 2015), accounting for 0.0592% of Russia's total trade (up from 0.0364% in the 1st quarter of 2015).

Faroe Islands was Russia's 149th largest export market in the 1st quarter of 2016 (down from 137th in the 1st quarter of 2015), accounting for 0.0014% of Russia's total exports (up from 0.0013% in the 1st quarter of 2015).

Faroe Islands was Russia's 58th largest supplier in the 1st quarter of 2016 (up from 62nd in the 1st quarter of 2015), accounting for 0.1580% of Russia's total imports (up from 0.1118% in the 1st quarter of 2015).

Russia's Exports to Faroe Islands

The major share of Russian exports to Faroe Islands in the 1st quarter of 2016 (and in the 1st quarter of 2015) was accounted for the following product types:

Wood and wood products (HS codes 44-49) - 47.27% of Russia's total exports to Faroe Islands (63.41% in the 1st quarter of 2015);